ORIX JREIT Announced Asset Acquisition(“ORE Yurakucho, The
For Immediate Release REIT Issuer: ORIX JREIT Inc. (TSE: 8954) Yutaka Okazoe President and Executive Director Asset Management Company: ORIX Asset Management Corporation Hiroshi Nishio President and CEO Inquiries: Hajime Nakamura General Manager Corporate Planning Department TEL:+81 3 5418 4858 ORIX JREIT Announced Asset Acquisition (“ORE Yurakucho, The Kitahama PLAZA, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land)”) TOKYO, March 8, 2013 — We, ORIX JREIT Inc. (“OJR”) announced the decision to acquire “ORE Yurakucho Building, The Kitahama PLAZA, CROSS GARDEN KAWASAKI and Tecc Land Totsuka (land)”, as described below. 記 1. Acquisition Summary 1) ORE Yurakucho Asset to be acquired : Real estate trust beneficial interest Acquisition price : ¥9,900,000,000 (excluding national and local consumption taxes, etc.) Scheduled acquisition date : April 1, 2013 Current owner and seller : ORIX Real Estate Corporation Funding method : Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled) Payment terms : 100 % on delivery 2)The Kitahama PLAZA Asset to be acquired : Real estate trust beneficial interest Acquisition price : ¥3,900,000,000 (excluding national and local consumption taxes, etc.) Scheduled acquisition date : April 1, 2013 Current owner and seller : Godo Kaisha North Beach Funding method : Proceeds from the issuance of new investment units through public offering (Note 1), proceeds from the sale of the property scheduled for sale (Note 2) and borrowings (scheduled) Payment terms : 100 % on delivery Disclaimer: This document is a press release intended for general public regarding OJR’s acquisition of assets.
[Show full text]